Mr. Rai has a branch at Hyderabad and Vijayawada and the goods are invoiced at a profit of 20% on sales. Following information is available of the transactions at Hyderabad branch for the year ending Dec 31, 2009:
|
Transaction |
As on Jan 1, 2009 Rs |
As on Dec 31, 2009 Rs |
|
Stock at Invoice Price |
1,20,000 |
? |
|
Debtors |
36,000 |
33,000 |
|
Petty Cash |
450 |
750 |
Transactions during the year 2009:
|
Rs |
Rs |
||
|
Goods sent to Branch |
12,60,000 |
Goods returned to H.O. |
45,000 |
|
at Invoice Price |
Credit Sales: |
5,40,000 |
|
|
Cash Sales |
3,15,000 |
Goods Pilfered (at Invoice Price) |
9,000 |
|
Normal Loss at Invoice Price |
1,050 |
Cash sent for Petty Expenses |
96,000 |
|
Goods Lost by Fire at Invoice Price |
12,000 |
Bad Debts at Hyderabad Branch |
1,200 |
|
Insurance Company paid to H.O. for Loss by Fire at Hyderabad |
9,000 |
insurance Charges paid by H.O. |
600 |
|
Goods transferred to Vijayawada |
36,000 |
||
|
Branch as per instructions by H.O. |
|||
|
Goods returned by Debtors |
1,500 |
Note: Goods transferred to Vijayawada Branch were in transit (as given above) on Dec 31, 2009.
You are required to prepare the necessary ledger accounts for Hyderabad Branch under Stock and Debtors System in the books of H.O.